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Dorman Products (DORM)
NASDAQ:DORM
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.46Last Year’s EPS
1.31Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 2.14%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Neutral
Dorman Products achieved record-breaking revenue and strong earnings growth, driven primarily by the Light Duty segment. However, the Heavy Duty segment faced significant challenges, and there is uncertainty surrounding tariffs and the Specialty Vehicle market. While the highlights showcase robust growth and financial management, the lowlights indicate market-specific struggles and external uncertainties.Company Guidance
During Dorman Products' Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, highlighting several key metrics. They anticipate net sales growth of 3% to 5% compared to 2024, driven by strong performance in their light-duty segment and modest increases in their specialty vehicle segment. Despite market challenges, heavy-duty sales are expected to remain flat. The company projects adjusted diluted earnings per share to range from $7.55 to $7.85, representing a growth of 6% to 10% from 2024. In 2024, Dorman achieved annual sales exceeding $2 billion for the first time, with net sales growth of 4.1% year-over-year. For the fourth quarter, consolidated net sales grew by 8% year-over-year to $534 million, with an adjusted operating margin of 17.5%, a 210 basis point increase. Free cash flow for the quarter was $63 million, facilitating a debt repayment of $54 million. The company emphasizes its strategic focus on innovation, operational excellence, and strategic growth opportunities as they move into 2025.Record-Breaking Revenue
Dorman Products surpassed the $2 billion annual sales mark for the first time in its history, achieving a net sales growth of 4.1% year-over-year.
Strong Fourth Quarter Performance
Consolidated net sales for the fourth quarter grew 8% year-over-year to $534 million, with an adjusted operating margin of 17.5%, expanding 210 basis points compared to the same period last year.
Impressive Earnings Growth
Adjusted diluted EPS increased 40% to $2.20, and free cash flow in the quarter was strong at $63 million, allowing for the repayment of $54 million of debt.
Light Duty Segment Success
The Light Duty segment showed net sales increase of 11% year-over-year, driven by strong customer demand and new products, resulting in a 350 basis point increase in segment profit margin.
Cash Flow and Debt Reduction
For the year, cash flow from operations was $231 million, enabling the repayment of $94 million in debt and the repurchase of 856,000 shares.
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DORM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DORM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $124.01 | $127.99 | +3.21% |
| Oct 31, 2024 | $114.03 | $127.79 | +12.07% |
| Aug 01, 2024 | $98.58 | $102.84 | +4.32% |
| May 07, 2024 | $92.89 | $91.37 | -1.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dorman Products (DORM) report earnings?
Dorman Products (DORM) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Dorman Products (DORM) earnings time?
Dorman Products (DORM) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DORM EPS forecast?
DORM EPS forecast for the fiscal quarter 2025 (Q1) is 1.46.
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